If you’re looking for a car insurance policy, you might explore Amica and Liberty Mutual. Known as the oldest mutual automotive insurer in the U.S., Amica is a smaller auto insurance company with excellent customer satisfaction ratings and 24/7 claims processing.1 Despite this, its advertised discounts aren’t available everywhere.
Liberty Mutual, which also sells home insurance, renters insurance, and other products, is the sixth-largest car insurance company in the U.S. by market share. It offers a lifetime repair guarantee and an accident forgiveness program for an additional cost but has many negative customer reviews.2
Here’s a closer look at how Amica compares to Liberty Mutual so you can make an informed decision and choose the right insurer for your unique situation.
When it comes to cheap car insurance, Liberty Mutual is the clear winner, as its premiums are lower than Amica’s across most driver demographics, including teens, seniors, and military personnel. However, Amica advertises more discounts — they’re only available in select states but may help reduce car insurance costs.
While both Amica and Liberty Mutual offer 24/7 roadside assistance and typical coverage levels, like liability insurance and full coverage, Liberty Mutual stands out for its accident forgiveness program, which won’t increase your rates after your first accident.
As far as financial strength and financial support, Amica excels over Liberty Mutual. While Amica earned an A+ (Superior) financial strength rating from AM Best, Liberty Mutual lags a bit behind with an A (Excellent) rating.3
Based in Rhode Island and founded in 1907 as Automobile Mutual Insurance Company of America, Amica Mutual Insurance Company offers a variety of car insurance products as well as discounts for policyholders.
Boston-based Liberty Mutual debuted in 1912 and is known as the sixth-largest car insurance company. The company’s offerings include an accident forgiveness program and lifetime repair guarantee.
Amica StreetSmart is a telematics program that can reward you for driving safely. In addition to discounts on your rates, you may earn rewards based on your driving habits. You can redeem these rewards for charitable donations or gift cards from popular retailers like Amazon and Target. The discount you’ll receive will depend on your StreetSmart score after driving with the mobile app for 91 days.4
RightTrack is Liberty Mutual’s telematics program, which involves an app or plug-in device you can place in your vehicle. After participating in RightTrack for 90 days, you’ll qualify for a premium discount of up to 30%, as long as you prove you’re a safe driver. You might also secure a 10% discount just for signing up.5
Liberty Mutual is the cheapest car insurance company of the two. But your particular rates will depend on a variety of factors, including your location, age, driving record, and credit history.
Liberty Mutual offers the lowest rates for drivers with a clean record, free of serious traffic violations like speeding tickets and DUIs.
Liberty Mutual’s premiums are the cheapest for drivers with a speeding ticket.
Teen drivers and young drivers with limited experience behind the wheel can expect lower rates with Liberty Mutual.
Liberty Mutual offers the cheapest premiums for drivers with bad credit scores.
Senior drivers can find more affordable car insurance coverage with Liberty Mutual.
Amica and Liberty Mutual both offer these main coverages:
Unlike Amica, Liberty Mutual offers accident forgiveness to ensure your rates stay the same after your first automobile accident. However, Amica’s lineup of coverage options and add-ons is unique because it includes glass coverage, which will repair or replace your damaged windshield and windows without a deductible.6 7
Discounts can help you secure lower car insurance rates. Even though Amica has more expensive premiums, it offers more discounts than Liberty Mutual. You can work with a local agent or visit each insurance company’s website for more information about them.
Here’s a look at the various discounts each car insurance company offers.8 9
Deciding which insurer is best for you can be challenging. Below, you’ll find answers to some of the most commonly asked questions about Amica and Liberty Mutual.
Amica earned a A+ (Superior) financial strength rating from AM Best, which means it’s a car insurance company that meets its financial obligations. However, the best insurer and policy for you depends on your budget, needs, and preferences.
Liberty Mutual is the sixth-largest car insurance company and is considered one of the top insurance companies for its high marks. It also earned high customer service ratings from J.D. Power and ranks on Fortune’s 100 list of largest corporations in the U.S.
Liberty Mutual’s large market share and various discounts, including bundling discounts for pairing car insurance with homeowners insurance, allow it to offer cheap car insurance and competitive rates to policyholders.
Liberty Mutual offers accident forgiveness, while Amica Insurance has glass coverage.
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